Dialog Axiata PLC announced it will offer iPhone 5s, the most forward-thinking smartphone in the world, and iPhone 5c, the most colorful iPhone yet, to customers from today (December 13). The announcement follows Dialog being appointed the first and only Authorised Partner and Service Provider for Apple iPhone in Sri Lanka.
The International Monetary Fund (IMF) cautioned the government for using banks and other financial institutions to borrow overseas on its behalf, as it could pose additional risks to the financial system.
The Securities and Exchange Commission yesterday tightened the rules on related party transactions by introducing a detailed best practices code with effect from January 1, 2014, aiming to safeguard minority shareholders and put in place an internal control mechanism in listed firms.
National Development Bank PLC’s (NDB) Rs.10 billion debenture issue—the largest to-date—has been oversubscribed, the Registrars to the issue, SSP Corporates said a while ago
IRIN: Relief will be more easily and quickly available, and the economic fallout much more manageable, if governments project and plan fiscally for potential natural disasters and their human and economic toll well in advance, experts say.
There have been extensive discussions in various forums and in the media recently for and against the budget proposals made by President Mahinda Rajapaksa in respect of the shipping economy and more particularly on the terminal handling charges (THC) issue.
The Colombo Stock Exchange (CSE) announcing a series of amendments to listing rules yesterday made it mandatory for debt issues to have ratings one notch above investment grade, and completely shelved Second Board listing of debt issuances.
The Sri Lankan government has started fresh talks with India, in a bid to bring changes to the existing Indo-Lanka Free Trade Agreement (FTA), as the controversial Comprehensive Economic Partnership Agreement (CEPA) has not come to fruition due to protest from various quarters, a top bureaucrat disclosed.
The Board of Directors of Eden Hotel Lanka PLC approved a 6-year funding facility from Seylan Bank PLC worth Rs. 1.5 billion, to finance the company’s purchase of Dickwella Resorts (Pvt) Ltd.
The Central Bank kept the policy rates unchanged for the month of December amid the recent pick up in the private credit and debt repayments by stateowned corporations, cutting the burden on state banksandthegovernment.
Hemas Integrated Logistics (Pvt.) Ltd showcased its Inland Container Terminal and Services division to its customers and well-wishers, recently.
International Monetary Fund (IMF) expressed concerns over the recent budget proposal to reduce personal income tax rates, and described it as an act of giving away the money government badly needed.
Debentures of Sampath Bank will be listed on Colombo bourse’s Main Board tomorrow. Samapth raised Rs.5 billion in a five-year debenture issue, issuing 25 million rated, unsecured, subordinated, redeemable debentures at Rs.100 each with an option to issue a further equal amount in the event the first tranche is oversubscribed.
Sri Lanka’s ship supplier industry must look to float a common bond in order to increase its lobbying power and push for concessions not granted with Budget 2014, according to Sri Lanka Ports Authority (SLPA) Harbour Master, Captain Ravi Jayawickrama.
Busy lives often means tight careers and even tighter personal spaces. It’s a tough battle to keep everything on the burners all at once but that’s the standard formula for today’s busy woman – whether she is powering a rewarding career or is an entrepreneur who must put in an insane amount of hours per day.
Sri Lanka carried out her second licencing round for 13 blocks in the Mannar and Cauvery basins and the deadline for bids ended November 29. Mirror Business met with Saliya Wickramasuriya........
In 2013, it was found that brand-name drug manufacturers in the United States were paying their competitors - generic drug manufacturers, to keep their products off the market shelves.
It is an established fact that the Real Estate industry makes an important contribution to the economy of a country and to the welfare of its people.
Housing is a key factor in measuring the standard of living of a society, and is an indicator of the economic growth of a country
Some emails or letters invite you to sign up and enjoy membership to this magazine or to that credit card. This just happened to me recently where my entire family received letters from our bank soliciting us to sign up for its prestige credit card that ‘gives double the benefits’.
Transport, energy, information and communication technology and water infrastructure enable a state to grow its economy and improve the quality of life of its citizens. Infrastructure acts as the backbone of growth and social wellbeing
It has been said that with the rising incidences of chronic kidney diseases in the agricultural areas of the island, the Sri Lankan government is taking measures to control the indiscriminate usage of chemical fertilizer and agrochemicals by the farmers.
Page 1 of 98